Fan Ho, Lenovo
Fan Ho, Lenovo
6 November 2023
Under the Radar: Behind the US$62b revenue global tech powerhouse - Lenovo on inorganic growth, B2B business with the likes of Formula 1
Today we’re going to bring you an inside look into a company said to be a US$62 billion revenue global technology powerhouse.
Drumrolls – bingo if you’ve guessed Lenovo. Founded in 1984, the firm delivers a portfolio of PCs and tablets, monitors, accessories, smart home and collaboration solutions, as well as smart infrastructure data centre solutions around the world.
In fact, the firm has since 1995 shipped over half a billion PCs, and make three devices every second.
The company ranks the #217 in the Fortune Global 500. It is also listed on the Hong Kong Stock Exchange, where it is included as one of the initial members of the Hang Seng TECH Index.
Why are we talking about Lenovo? We’re talking about Lenovo because while it is widely known for its consumer products, the firm is very much into B2B services. For one thing, it works with Formula 1 to build technology infrastructure that facilitates the flow of data collected on race tracks. But how far will B2B business be a key driver for growth?
Speaking of growth, the firm has a history of acquiring major firms including IBM’s PC business back in 2005.
More recently, the company had in June last year acquired stakes in two digital units of Hong Kong telecoms firm PCCW to grow its IT services business. But how far will the firm rely on M&A and investments in other firms for future growth?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Fan Ho, Executive Director and General Manager, Asia Pacific Solutions and Services Group, Lenovo.
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